Quant Open Interest Peaks, Eyes New Price Target

Quant (QNT) has seen a significant increase in open interest, reaching an eight-month high of $22 million, as the altcoin's price surged by over 15% in 24 hours. This bullish momentum is supported by technical indicators like the Chaikin Money Flow and MACD, suggesting potential further gains towards the 1.618 Fibonacci level at $142. Additionally, positive funding rates and reduced exchange netflows indicate strong market sentiment and anticipation of continued price increases.